The World Meets in Dubai: Cityscape 2010
The Telegraph (GB) reports: In his most recent column, the Telegraph’s Richard Spencer – writing from his post in Dubai for the UK-based newspaper – described his experience at Dubai Cityscape, the annual conference for the desert-turned-global city’s property developers. In his account of the gathering, Mr Spencer attempts to explain what he describes as the “disjunct between the growth of new economies like China and India and the amount of western investers there.”
Mr Spencer found an answer to this apparent disconnect from Cityscape’s key-note speaker, and Real Capital Analytics’ global chief economist, Dr Sam Chandan. Mr Spencer summarized Dr Chandan’s speech on international investment trends with the following: “The answer is, he said, that in the boom years people got used to making high returns without the risk of investing in places like China and India (and Dubai, I might add) with low transparency and uncertain rule of law. Now they are risk averse, they want low transparency and uncertain rule of law even less. Now I’m no expert on India: China has very high investment rates, but that’s coming from the state banking system.”
For more of Mr Spencer’s thoughts on the Dubai Cityscape Conference, and global investment trends involving emerging markets, please see his full column from October 4, 2010 on the Telegraph’s site.
If you missed Dr Chandan in Dubai, please plan to attend one of the numerous events below where he will also be speaking.
October 14, 2010: Urban Land Institute Fall Meeting – Washington, DC
October 19, 2010: Zell-Lurie Fall Member’s Meeting – Philadelphia, PA
October 21, 2010: The Trigild Lender Conference – San Diego, CA
October 26, 2010: The Private Equity Real Estate Magazine Forum – New York, NY
View the full article on The Telegraph (GB): The World Meets in Dubai: Cityscape 2010
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Posted by: Nina Turner